Supply chain

Folk Maritime Services Company, a prominent Saudi Arabian provider of feeder and regional liner services, is set to revolutionize its operations by deploying ORBCOMM's advanced smart container monitoring technology. This move positions Folk Maritime as the first Middle Eastern container shipping line to integrate a smart dry container fleet, enhancing the visibility and security of its supply chain. The monitoring...

Saudi Arabia has announced nine transformative investment deals under its Global Supply Chain Resilience Initiative (GSCRI), totaling more than $9.3 billion. These deals were revealed at the World Investment Conference in Riyadh, highlighting the Kingdom's ambition to enhance its role in global supply chains. The agreements include significant projects such as copper smelting with Vedanta, advanced titanium ventures with AMIC...

Riyadh, Saudi Arabia: At the 28th World Investment Conference in Riyadh, Minister of Investment, Khalid A. Al-Falih, emphasized a shift towards regionalization to enhance supply chain resilience. This event, cohosted by Invest Saudi and WAIPA, unveiled nine key investment deals totaling over $9.3 billion under Saudi Arabia's Global Supply Chain Resilience Initiative (GSCRI), aimed at boosting the Kingdom's economy and...

Saudi Arabia has made significant strides in enhancing global supply chain resilience by unveiling nine major investment deals worth over SAR 35 billion. These announcements were made at the Global Supply Chain Resilience Initiative (GSCRI) event, held in conjunction with the 28th World Investment Conference in Riyadh. The event, attended by more than 300 key stakeholders including government officials, business...

Saudi Arabia has secured nine significant agreements worth SR35 billion ($9.31 billion) during the Global Supply Chain Resilience Initiative forum in Riyadh. These deals are designed to boost global trade links and diversify the nation's economy. The agreements focus on key sectors such as copper smelting, aluminum production, and rare earth processing. These initiatives align with the forum's aim of...

Saudi Arabia has secured nine substantial agreements worth SR35 billion ($9.31 billion) at the Global Supply Chain Resilience Initiative forum in Riyadh. These deals are intended to boost global trade connections and diversify the Kingdom's economy. The agreements cover vital sectors such as copper smelting, aluminum production, and rare earth processing. These projects support the GSCRI's target of attracting SR150...

The Kingdom of Saudi Arabia has entered into nine significant investment agreements with foreign companies, totaling over SAR 35 billion ($9.32 billion), to bolster global supply chains. This move, reported by Reuters, is part of the Kingdom's Global Supply Chain Resilience Initiative (GSCRI). Saudi Minister Al-Falih highlighted that these agreements aim to improve access to essential materials, enhance local manufacturing...

Saudi Arabia's Economic Strategy RIYADH — The Minister of Industry and Mineral Resources, Bandar Alkhorayef, emphasized the significance of the National Initiative for Global Supply Chains in enhancing the Saudi economy. Speaking at the 28th World Investment Conference in Riyadh, Alkhorayef identified Africa, the Middle East, and Central Asia as key regions in mining, essential for global mineral supply. He...

Qara, a startup focused on supply chain technology in the MEA region, has successfully raised $2.6 million through a funding round spearheaded by strategic investors. This capital injection is set to enhance Qara's innovative digital ecosystem, which facilitates product authentication, connects various supply chain participants, and employs AI for informed decision-making. The funding will also aid Qara's expansion into Saudi...

Egyptian startup Qara has raised $2.6 million to expand its supply chain technology into Saudi Arabia, marking a significant step in its regional growth. Qara offers a digital platform that ensures product authentication and traceability throughout the supply chain, enhancing connectivity and providing data insights for businesses. Since its launch, Qara has collaborated with over 35 manufacturers, verifying more than...